Business   

Forex reserves cross $88 b

MUMBAI SEPT. 27. India's foreign exchange reserves continue to be on the upswing following fresh inflows of $700 million to cross the $ 88 billion mark for the week ended September 19.

The week's inflows of $ 700 million has taken the country's foreign exchange reserves to $88.56 billion, according to Reserve Bank of India's latest weekly statistical supplement. The foreign exchange reserves have grown by over $13 billion since April this year.

The foreign currency assets also grew by $700 million to $84.83 billion in view of the appreciation of euro, sterling and the yen held in reserves, the RBI said.

A further $10 million was contributed towards the reserve tranche position with the IMF. Gold reserves and special drawing rights were static at $3,720 million and $4 million. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Forex reserves cross $88 b
• Gold prices may remain firm
• Jaitley's call to make plantation sector competitive
• Lenders to give proposal to restart Dabhol plant
• BSES acquires RSPCL
• Veeramani new president of SICCI
• Five scrips to be replaced in Sensex
• Mineral Enterprises to expand business
• Investor awareness programme

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu